In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!

ECB's Couere due to speak @14:30 GMT. we are looking for any signal on ECB policy bias for next Thursday.

MtlJP10:24:09 GMT - 01/18/2018

It has been a while since I had a good laugh , especially as I remind myself that "past performance is no guarantee of future results" which is a must disclaimer for professionals and companies but not for PhD'd "experts" who the pedestrians are expected to revere

..."Trump will unveil his administration's National Security Strategy on Monday, laying out its objectives and how it views various threats.

According to officials who briefed reporters Sunday, the strategy -- a congressionally mandated document -- identifies four national interests: protecting the homeland, advancing American prosperity, preserving peace through strength and pushing American influence by new approaches to development.
The President will discuss the strategy during a speech Monday afternoon in Washington."...

you funny (old) man jp, even very funny. after breaking down the possible income scheme behind AT due to the unaware aspects in your behavioural social personality, you come with this unaware dance again. how old you was when comparison by/to others made you feel "little" and since then you trust making comparisons to make you "powerful", "smart" and "in control"... get aware jp, just get aware, it's gonna make wonders to your (list/hidden) empathy. :-))))

Dil

MtlJP18:56:01 GMT - 12/05/2017

Dil 18:29 r u referring to the thread's title ? I would gladly "extremely overvaluae generals and military people in general" IF it paid biggly.
With respect to "100% taxation over inheritance. that's what humanity needs." it is the Empire that gets its food from taxation and how that gets spent. "humanity" has approx 0 influence. So you have a choice to whine like Ib or PAR or join and do like the thread suggests.

"Appear to own nothing, but control everything." - John's great grandson Nelson.

IsraelDil18:29:39 GMT - 12/05/2017

jp - don't you extremely overvaluae generals and military people in general? how is that possible to have warmth towards people making a living from an agenda of politicians?

time for 100% taxation over inheritance. that's what humanity needs.

Livingstonnh17:57:04 GMT - 12/05/2017

JP - it's called the BIG Mistake tactic - if the opponent goes for the "easy" move the Trap snaps shut -- Iran has avoided this since the Carter debacle - Reagan declined in Lebanon

Bush, the idiot son, had no clue despite his father's taking advantage of Saddam

MtlJP17:50:43 GMT - 12/05/2017

Dil but I do note what it takes for some “Little Rocket Man” increase the visual acuity and focus to point of distraction of some bombastic trump-et-eer so that he sends, to within 400-500 mile range, at least three $8 + billion , $40+ million per week supercarriers with at least 5,000 young men per. It blows my mind to think his generals allow this concentration of extremely vulnerable to cheap missiles targets to mass.

MtlJP16:44:29 GMT - 12/05/2017

Dil I am afraid my knowledge of "giraffe on mount everest hear"ing ability of some mouse is less than limited: it is non-existent

IsraelDil16:34:07 GMT - 12/05/2017

Mtl JP 16:28

can giraffe on mount everest hear a mouse at the dead sea?

that's the value of Abbas's "warning"

MtlJP16:31:53 GMT - 12/05/2017

missed this part: "A senior administration official said last week that Trump would likely make the announcement on Wednesday"

MtlJP16:28:52 GMT - 12/05/2017

according to haaretz:

Trump Informs Abbas He Intends to Move U.S. Embassy to Jerusalem, Palestinians Say and

112.05
Japan is waking up and will come on soon - in approx half hour
potential for yakker to push prices around some at open

MtlJP18:59:23 GMT - 11/29/2017

for change in flavor ... speculation vs certainty:
whined janet: "having only 3 governors is difficult but doesn't stop the Fed's work" during her Q&A

I am biased: I want to believe janet that "doesn't stop the Fed's work"
more moRE MORE trade opps a-coming curtesy the FED

MtlJP15:15:14 GMT - 11/29/2017

Any wonder Gold is down and dlr uP?
Paroles... paroles... paroles...

Donald J. Trump‏Verified account
@realDonaldTrump
Follow Follow @realDonaldTrump
Just spoke to President XI JINPING of China concerning the provocative actions of North Korea. Additional major sanctions will be imposed on North Korea today. This situation will be handled!

The ECB cretinhood is out yet again - they do this 2x/yr - with their "Financial Stability Review"
Where the ECB sees "Risk" I see OPPORTUNITY.
Lets see...

29 November 2017
- Risks of a repricing of global risk premia remains significant
- Bank profitability prospects still challenged by structural vulnerabilities
- High private and public debt burdens could give rise to debt sustainability concerns in some countries
- Financial stability risks partly mitigated by improved economic conditions
- The risk of a rapid repricing in global markets nevertheless remains
- Risks to euro area financial stability may also emerge from the investment fund sector. This sector has further increased its risk-taking in recent years.

The Review singles out four main risks to financial stability in the euro area over the next two years (see table).

Last week-end canadian MSM was all over itself parading whining and crying and pi$$edoff canadian politicians of all genders and colors after 5th round of NAFTA yaks suggesting trump-et's team is not interested in a win-win-win deal. One could think they have given up on canada's by faaarrr biggest trade partner.

The political collective was suggesting to canadian businesses to go out and seize and make new deals with EM countries specifically pointing mainly at China and India (highlighting massive demographics and implying massive opportunities) among a slew of others claiming that in this day and age of internet physical distance is not a major barrier anymore.

Now I reading that ... "The Russian Security Council has asked the country’s government to develop an independent internet infrastructure for BRICS nations, which would continue to work in the event of global internet malfunctions. ... .. ... They decided that the problem should be addressed by creating a separate backup system of Domain Name Servers (DNS), which would not be subject to control by international organizations. This system would be used by countries of the BRICS bloc – Brazil, Russia, India, China and South Africa. " ...

by the next trading day after thanksgiving, UKRAINE to play major role in VIX spike.

Livingstonnh20:08:08 GMT - 11/21/2017

I'm not a real big fan of leverage sometimes - I've tried currency options but it's not the same as stox - margin is not my game except VERY short time frame and TIGHT stop, too nerve racking and sleep depriving

IsraelDil20:01:57 GMT - 11/21/2017

nh

you played it spot the whole way?
what's the reason for not opening the position with forward rate and then close it with interest paying shorts to the same date?

Livingstonnh19:57:11 GMT - 11/21/2017

thanx dil but the vig ate up a lot of it

IsraelDil19:46:25 GMT - 11/21/2017

nh

nice +10% ride with USD/TRY, well done.

PAR19:33:27 GMT - 11/21/2017

Next Erdogan wants to tap ECB liquidity ? Mafia Mario may agree .

Livingstonnh19:28:11 GMT - 11/21/2017

jp - not as much as last year - BUT the view is the same - Erdogan and the "independent" CB are at loggerheads -- capital controls are coming // Merkel weakness may be a temptation for Erdogan for another payout -- OPEC may be a problem next week as turkey's new best friends, Iran and Russia, take advantage of the Saudi revolution

MtlJP19:00:34 GMT - 11/21/2017

Livingston nh u still yank on the usdtry ?
puppy has had a decent run of late,
what is ur forward view ? tia

MtlJP18:56:34 GMT - 11/21/2017

I like playing gaps - one of my fave plays.
But, naturally, I would hate to "fall for it" on the next gap that will appear and, as this puppy's pictorial record consistently shows, so far they always close, but on the one time I decide to play it, it won't.

MtlJP18:07:10 GMT - 11/21/2017

9.86
VIX day range: 9.69 - 10.78

IsraelDil18:03:21 GMT - 11/21/2017

wider the gap to be JP... it's about the point of everything being too perfect, ding-dong boom!

MtlJP18:01:02 GMT - 11/21/2017

Dil just opportunistically
long us week-end coming up
should not see players engage long-term possies

JP you are way out of date matie. Thomson was my first job out of University way back when. Working independently is what you expect it to be: more freedom, more responsability. No regrets but seriously mind your own business. :-)

ib re "Stop reading the financial tabloids" honestly I would want to take your suggestion - from a former "Market Analyst for Thomson Financial" seriously. Is Draghi's missive of "financial tabloid" quality ?
tia

Parisib14:50:16 GMT - 11/17/2017

JP you obviously live in a parallel Universe. Stop reading the financial tabloids or wherever you get your financial information. Agony? I mean please.

MtlJP12:24:02 GMT - 11/17/2017

and IF you - anyone really - have money on deposit in EU banks, with respect to draghi's promise of "building up buffers for the future" I invite you to read my 15:34 GMT November 16

MtlJP12:06:14 GMT - 11/17/2017

PAR and Paris ib I may have some bad news for you: your agony appears to be FAR from over:

mario "bazooka" draghi , in his Nov 17th "Monetary policy and the outlook for the economy" both self-congratulatory and flagellating yak delivered the following promise:
..."while we are confident in the recovery, we still need a patient and persistent approach to our monetary policy to ensure that medium-term price stability is achieved. ... . ... Despite this progress on the real side of the economy, from a monetary policy perspective our task is not complete, as we have not yet seen a sustained adjustment in the path of inflation. ... A sustained adjustment is one where the return of headline inflation towards our objective is durable and not just a temporary blip, and it can be self-sustained without monetary policy support. We do now see inflation moving steadily away from the very low levels of recent years, although progress remains incomplete and partial." Seeing that ... "our task is not complete, as we have not yet seen a sustained adjustment in the path of inflation. ... progress remains incomplete and partial ... the underlying inflation trend remains subdued ... it still lacks clear upward momentum ... we have to remain patient ... An ample degree of monetary stimulus remains necessary for underlying inflation pressures to build up and support headline inflation over the medium term. " ....

...."In the event of a future recession we will need to lean more heavily on unconventional tools, like central bank balance sheets, keeping interest rates very low for a long time, and potentially even negative policy rates."....

Stable growth momentum remains the assessment for the United States, Japan, Canada and the euro area as a whole, including France. The CLI continues to point to growth gaining momentum in Italy, and now also in Germany. In the United Kingdom, however the outlook has weakened as signals of easing growth have intensified.

Amongst major emerging economies, the CLIs point to growth firming in Brazil and to signs of growth gaining momentum in the industrial sector in China. Stable growth momentum is anticipated in India and Russia.

Amazing Trader next resistance untouched at 1.1593 (high was 1.1589). Ladder forming to the downside, suggests a top may be in but only a break of 1.1566 (next AT Ladder support) would break the lingering risk on the upside.

jp - Yellen gave a speech a week ago as the IMF world bank gathered (Group of Thirty) about her inflation surprise which was a redo of her Sept inflation confusion speech

The speech from Friday at the economists club had the "Fed did a great job", inflation surprise and a rehash of the unknowable R* // none of this seems tradeable if the Confused Economist is on her way out the door

MtlJP21:38:24 GMT - 10/21/2017

nh tky - I am looking for the one that appears to be more trade-able: I ve been seeing references to

fwiw mkt is more dovish than fed so minutes will be more hawkish relative to mkt but will there be anything new frm last time to push beyond dec which is baked in.

MtlJP17:51:50 GMT - 10/11/2017

Last minutes were 474 words long.
I do not have the ability to read and react ahead of the dealer.

So I ll keep it simple: either I sit it it out for a few minutes and maybe fade the reaction OR
I turn on my OCO straddling robot few seconds prior
and pray I do not fall victim to flash widening spread

He may be able to push prices around some as well as he is supposed to yak about exit tactics (not from eu, from QE to be clear)

I am somewhat surprised at the late aft time for Praets yak
It may be earlier

MtlJP17:10:14 GMT - 10/10/2017

1.2500
in less than an hour from now potential to make/lose pips off

Panel remarks - Carolyn A. Wilkins, Senior Deputy Governor
International Monetary Fund Washington, DC
14:00 (ET)
Remarks will not be published on the Bank’s website.
-
Trying to keep it simple:
I would be looking to either
sell 1.2550-ish OR
buy 1.2450-ish

Russia and USA, not together maybe but well in extraordinary harmonious manner supply arms, weapons and full range of whatever makes wars to run forever without getting a winner our of ones taking actual role in the war but the ones who feed the war on keep going.

Saudia vs Iran war means that both win but not less important also Russia and USA... China? - as always, social religion about infinite youth has a price, no reason to treat China different than western woman addictions to plastic surgeries to keep her public appearances forever "young".... China is a short, big time short :-)))

Chinese in panic mode it's GOLD in ultra all time highs

think about it and play accordingly

Dil

MtlJP21:15:18 GMT - 10/08/2017

just like a basement-saving country volunteer fire department... here comes LONDON (Reuters) - Jon Cunliffe, deputy governor of the Bank of England, said he hoped a new requirement for lenders to hold more capital would dampen signs of a “bit of exuberance” in credit card and personal lending to British consumers.

nobody is attacking what to nobody
get that sensitivity out of the window please and have a peace inside
you can trade better without all those burdens

ESPAC07:36:05 GMT - 09/29/2017

instead of attacking me, why not attack DC CB for saying that comment to Al in the first place??
The world is so fecked up...

And Hilly, how do you know he is not? Why did he feel the need to make that comment if he is not? And even if he is racist, why did he need to say it?/
As a whitey I am constantly amazed by this reverse racism today.
Just leave it out of this place and trade ffs...

MtlJP07:34:25 GMT - 09/29/2017

In the meantime rokstar of banking yakking
gbp took a bit of a puke on his claim that when he ll be raising rates it will be very tender and careful - according to him

USAZEUS07:22:43 GMT - 09/29/2017

Agree I don't believe for a second CB or his comments were racist. But who am I to say? Discussing politics and religion with so many people from all over the world with small soundbites and brief comments is all to easy to be misinterpreted. Greatest challenge of this forum in my opinion.

Hence I will only engage in trading related conversation. Sometimes that gets mis-interpreted as well but we try.

Cheers!

HillegomPurk07:18:49 GMT - 09/29/2017

I cannot believe DC CB is criticising Tonbridge Al for having a white, English accent!
I have never seen such a racist comment on here, ever, in over 12 years of looking in.
__________________________________
He is not a racist.

jktabel07:17:00 GMT - 09/29/2017

racist? what racist comment? I dont even know what you guys are talking about.
AL didn't even complain about it
why should you get so fumed out ESP, AC? relax and chill out a bit
I dont understand why people are getting mad so easily these days
anyway, all i am saying please calm down and let's just focus on trading and get that sensitive thing away

ESPAC05:43:09 GMT - 09/29/2017

I cannot believe DC CB is criticising Tonbridge Al for having a white, English accent!
I have never seen such a racist comment on here, ever, in over 12 years of looking in.
Totally out of order attacking one of the longest running members who has contributed more to this place than anyone.
I am so fecking upset by that attack, DC CB after years of posting here has lost all credibility, he should be totally ignored by everyone and basically run out of town....

dcCB03:11:18 GMT - 09/29/2017

"The problem with Bombardier is ..."
good deflction LOL

DillonAL00:59:18 GMT - 09/29/2017

The problem with Bombardier is that it produces a plane that Boeing does not and Delta ordered this plane. Bombardier is a minute company vs Boeing and it is hard to understand why Boeing lobbied Trump to impose the tariffs. Theresa May has suggested The UK would stop ordering from Boeing so the drum beat starts. Recession when it comes will hit hard and fast

Debt to a penny shows Jan 19th 2017 19.944 Tln and if you remember Trump was so upbeat about the fact that it had declined in the early days of his administration...well it is now as of today 20.189 Tln
In sept alone it has jumped 365 bln and if the excuse is Hurricanes then frankly that is a load of bollocks and hides the true reason for the rise
Lower Growth higher debt higher interest rates = higher Usd methinks not

dcCB00:48:28 GMT - 09/29/2017

"
But then as a lowly immigrant myself what do I really know and judging from rhetoric from Steve Bannon what do I really contribute

give me a f*c'in break

you have. I assume, and English accent, based on your Trading Vid...That my mate is ....well I'll not post that here.

You have the wherewithall to Buy into a Colorado Ski destination. LOL population ---400? Bali HI

Re: Tax cuts:
talk of corp rate at 35% is a nonsense. Ask AAPL and their tax is closer to 20% right now so the idea that growth will pay for is utter baloney
and additionally takes no account of any problems/black swan from China or even Europe for that matter. If the strategy is to impose tariffs - Bombardier style - and result in creating a so called trade war then the world will have a recession from which there are no winners.
As to so called overseas money being repatriated I am not sure how Usd held in overseas banks because that is essentially what it is coming back "home" makes a blind bit of difference.
H1B visas show that The US is incapable of producing what CSCO/MSFT/GOOG/ etc need so what makes this administration believe that the current workforce IE those unemployed but not seeking a job actually want a job. What I am trying to say is that the Baby Boomers are tired and the current available entitled Millennial workforce do not want a job hence growth is unlikely to occur to the extent that Gary I wanna be The Next FED guy hopes for

But then as a lowly immigrant myself what do I really know and judging from rhetoric from Steve Bannon what do I really contribute

PS
If any of these last MegaCaines had ridden up the east coast.
** direct line into the Chesapeake Bay -- taking out DC, Balt, Philly.
** Taggin the OuterBanks, corssiing Long Island flooding Manhattan, crush banhrupt Connecticut, and drowing Boston.

We'd be looking at a whole differnent outlook. There but for the Grace of the Winds or the gods or the Black Swan that we but didn't land...Whatever.

September was close to turning the East Coast into what you are now seeing come out ot Puerto Rico.
And Trump and WashDC would be 'takin' a knee'

dcCB23:46:45 GMT - 09/28/2017

re-enforce their illusion, by repeating that msg.

by repeating THEIR msg...

dcCB23:44:52 GMT - 09/28/2017

AL
the Demos' no longer exist. They have yet to discover that for themselves. THE Media(short them) re-enforce their illusion, by repeating that msg.

The Repubs -- similar. The UniParty is at RISK. The worst that can happen is Nov 22 '63.

The battle will take years. Fall 2018 is a marker.

Right now, so it seems the Money shows support or the current.
New Highs into the Bonus End of the Quarter ....Tom Tom the sun will shine Tomrrow....it's only a day away.

DillonAL23:35:29 GMT - 09/28/2017

The D's need to fold and finally accept that they lost.... period. They lost not because of Russia or anything else but they lost cos noone liked their leader. It seems as well that her current round of being interviewed is nothing more than an attempt to have another go in 3-1/2 years time at which point they will guarantee the incumbent another term.

Of course the fact that the two houses have miserably failed to enact any headline legislation is not really surprising and things like Russia are a good distraction to try to suggest to their electorate that they are doing something meaningful

Now do not get me wrong there is much to fault the R's as well but...
BTW has anyone suggested how exactly the current proposed tax changes are going to be paid for or do they expect GDP growth to cover it?

Earlier today Twitter Vice President for Public Policy Colin Crowell met with staff from Senate Select Committee on Intelligence and House Permanent Select Committee on Intelligence to discuss how Twitter may have been exploited by sneaky Russian operatives to sway the course of American history by undermining the candidacy of Hillary Clinton.

After spending months investigating, Twitter apparently was only able to find 201 accounts (out of roughly 68 million in the U.S., btw) linked to "potentially Russian related" users. Moreover, and undoubtedly adding to Warner's frustration, Twitter further noted that not a single one of the 201 accounts "were registered as advertisers on Twitter."

euro up again so i will stay long euro....i was busy today in cars biz today made nice gain in cars could not make pipsin forex this week.....look like gbpjpy want 153/155 this week if stay above 150 till tomorrow then very possible 153 or 147.....

MtlJP14:15:32 GMT - 09/28/2017

SellEURUSDEntry: ~ 1.18 Target: down Stop: 1.1810/25
.

MtlJP14:07:51 GMT - 09/28/2017

Fischer's turn - yakking now
so far not useful

MtlJP14:00:29 GMT - 09/28/2017

effect of trump-et man's tax reform babble appears to have half-life of a fruit fly

Livingstonnh13:08:49 GMT - 09/28/2017

Monthly and Quarter adjustments may be trading off Cretins more than usual -- Fed Head appointment, Carney rate hike, Draghi taper are all open items

MtlJP12:44:04 GMT - 09/28/2017

in an hour from now will yak hawk George
15 minutes later: rider onto garbage heap of history Fisher

IsraelDil12:28:40 GMT - 09/28/2017

SellEURUSDEntry: Target: 1.1666 Stop:
let's see :-)))

MtlJP12:18:51 GMT - 09/28/2017

potential trade opp to make/lose pips coming up at bottom of hour
AA US GDP

I like trying to make pips off Cretins. It is fun and I like the ease that is associated with it. However Cretins of the political denomination, being peddled as "expert"s require prudence. Always.
With that in mind consider:

SEOUL (Reuters) - South Korea expects North Korea to engage in more provocative action next month to coincide with the anniversary of the founding of its communist party and China’s all-important Communist Party Congress.

In a meeting with President Moon Jae-in on Thursday, national security adviser Chung Eui-yong said he expected Pyongyang to act around Oct. 10 and 18, but gave no details.

Dil I like to keep things simple.
I don't have any particular buy Gold pricing level
My robot is just sitting there, 24hrs, looking for certain price acceleration and price breakout to jump on. I've told him - my robot - to look at buy only and send me a sound alert and an email if it is jumping on.
~

IsraelDil17:39:45 GMT - 09/27/2017

jp - you gold buyer between 124x-126x ?

MtlJP17:25:06 GMT - 09/27/2017

One less trade opportunity to make/lose pips:

Who is it that is sick again ? .... A person familiar with the matter said Draghi’s decision was due to a health issue affecting one of his relatives. as

Jp - with fischer gone Yellen has 2 confirmed doves (Kashkari and Brainard) and 2 data doves (Kaplan and Evans) w/ Powell and Harker as toss-ups -- if President Trump throws her overboard the doves may be emboldened to block a hike

I am on record here on FF about what the simple solution to the cretins' confusion about inflation is. It basic nomenclature.

2 kinds of inflation:

a) money supply inflation or printing
b) price inflation

To keep things simple:
a) = conjuring more money units today than there were yesterday all the while the units of goods or services remains steady.

b) = measure of willingness of plebs (as opposed to not willingness) to part with more money units for same item or hour of service today than yesterday.

Explanation: the fault lies in the Economics 101 assumption that IF there is an increase in the number of "money" units in an environment of steady number of available units of goods or services that plebs will be willing to part with more money units for the same loaf / shoe shine service.

Hi Charlie ! It would be 2 long to essplain where "this stupid sh*t" comes from but to keep it simple in current geo-political environment "this stupid sh*t" has decent potential to move prices (ie new trade opportunities). Note that it only optional to trade off "this stupid sh*t";
-
Early indications are that us stox are going to open lower again this morning in the wake of reports by South Korea's Yonhap news agency of possible hydrogen bomb tests over the Pacific Ocean.

Calendar heads for good potential for new trade opps:
janet, the same janet who admitted she is clueless about "inflation" is scheduled to yak about exactly that same topic on the 26th at the NABE conference

MemphisCharles22:41:32 GMT - 09/21/2017

Where in the world does this stupid sh*t come from? Take it to the political forum if you can't resist the editorial commentary that does nothing for trading forex.

Even if pboc says so, there is no way Trump is going to control and monitor if it is implemented fully. Trump trusts China when he has been attacking their trade relationship? Thanks America for this clown Potus.

Action and then the reaction as the birds change direction -- decoder rings at the ready

HillegomPurk17:53:34 GMT - 09/20/2017

or both sides... i would like that...

MtlJP17:51:52 GMT - 09/20/2017

on the other hand ...
IF eurdlr goes sub 119.50 current bulls would probably get culled

MtlJP17:44:01 GMT - 09/20/2017

I am just guessing players are probably more ready / inclined to dump the dollar than to buy it atm

MtlJP17:39:56 GMT - 09/20/2017

Laowen no trade is also a respectable position

BeijingLaowen17:38:26 GMT - 09/20/2017

Mtl JP 17:06 GMT 09/20/2017
====================

JP, will you be trading the event? I'd refrain.

MtlJP17:06:47 GMT - 09/20/2017

suggestion reminder for those using MT4 to trade 18:00 FED:

time to fine tune it for optimal speed

MtlJP16:52:02 GMT - 09/20/2017

there is a reason trump-et man's generals are sending in additional aircraft carriers: they do not want to be in position to have to try to shoot down a NK ballistic puppy. Why ? Because they don't want the embarrassment of demonstrating that they can not shoot it down for the world to see

So their fallback option is to rattle conventional hardware.

Bottom Line
will there be a war ? odds are against it
But decent trade opps remain as long as there is rattle: BoD Gold

MtlJP15:58:48 GMT - 09/18/2017

so far huff 'n puff bombast (hailey, trump now lighthizer)
soon they will have to stop b/s and deliver some beef

Not shorting unless above 1.36...to 1.37 today
Getting 1.15 level for next year

MtlJP15:31:27 GMT - 09/18/2017

gbp retesting the low

MtlJP15:29:33 GMT - 09/18/2017

players are onto the rockstar's b/s

I can just imagine the audience ... experts ... sitting... lapping up his regurgitation of deja-vu ... trying to remain awake ... decide when to applaud ... all the while thinking how many martinis to sla down the hatch at lunch

uh-m "great" is a favorite adjective with the BIS crowd of experts in whose opinion "excessive leverage by the household sector was at the heart of the Great Financial Crisis." They even have an acronym for it: GFC

“If we leave it too late, it is going to be much more difficult to accomplish that unwinding. Even if there are some short-term bumps in the road it would be much more advisable to stay the course and begin that process of normalization.” “The policy challenge is to take advantage of the current tailwinds to put the expansion on a sounder footing,”

In the wake of BoC actual and BoE gumflap-tual hikes our next bet is to determine which CB - there are two on the GV Econ calendar this week + a bunch of gums flapper yakkers not on it - is next to

“We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us.” “if China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system.”

Ok, in short usdcad 1.2645. Thank you market. Let's go down big!!! NFP bring it on!!!

dcCB02:36:39 GMT - 08/31/2017

tom'row is the End of the Month AND the Start of the Last Weekend of the US Summer.

If you've been watching the Gasoline market in the US, RBOB (yes RoyBob), which is expensive to trade - 1Cent move = $420, along with being a Thin market --- takes second place to NatGas aka the WidowMaker. This week, despite the FundyMentals, you could get really hosed or really rich if you Timed the Daily Swings.

As micro example for the larger MaRKiT. So Tom'row is take the money and run day. Fri, New Month, UnEmployment Rpt released...trading will end around 10AM NY Time. Save the Algos. which are always active.

See You on Tues.......watch Irma---last big hit on the Eastern US seaboard was Sandy. Big time gap to fill. If not Irma then one of the bowling balls that is setting up...watch the African Coast .... the Beast is Birthing.

BaliSja00:39:07 GMT - 08/31/2017

JP, i am trying short usd again after stopped out yesterday
This time short usdcad on approach to 1.2650-60. Got somr 4hourly MA resistance. Stop above 1.2720 will do for a target 1.24 again

MtlJP23:39:10 GMT - 08/30/2017

I only wish! ... things would go beyond talk :

BOJ, ECB, and Fed jockey for position as a stronger currency might derail fragile recoveries

"omne trium perfectum" everything that comes in threes is perfect
1) - three arrows
2) - 3 risks for Americans from President Trump’s latest trade fight with China
3) - at a personal level: I can hardly wait:

-- "First, imposing tariffs on imports of Chinese goods and services would be the functional equivalent of a tax hike on American consumers. ... the costs of imported goods would undoubtedly rise sharply. ... higher import prices and potential spillover effects on underlying inflation would hit middle-class U.S. workers, who have faced more than three decades of real wage stagnation, especially hard."

BUT IT WOULD ENORMOUSLY PLEASE THE TOP CRETIN AND HER 2% INFLATION HUNTING GANG

-- "Second, trade actions against China could lead to higher U.S. interest rates. Foreigners currently own about 30% of all U.S. Treasury securities"

BUT IT WOULD ENORMOUSLY PLEASE THE TOP CRETIN AND HER OOOHHH / AAAHHH RATE-HIKE ON/OFF UNABLE TO DECIDE GANG

-- "Third, with growth in U.S. domestic demand still depressed, American companies need to rely more on external demand. .... ... ... As the reactive pathology of co-dependency would suggest, none of these countries can be expected to acquiesce to such measures without curtailing U.S. access to their markets”

Pass The Ammo
Theres a storm on the horizon and
My adrenalines runnin wild
But I got my brothers standing next to me
So praise the lord and
Pass the ammo
Stars Stripes and Camo
Theres a price to be paid
To stay free .../..

as noted earlier: Box(ed) Lunch - pastrami on White(new data - the crust trimmed), mayo, with a side of lettuce and one slice of tomato.

Aug 21, 2017 6:45 PM

Tonight at 9:00 pm, Trump will address the nation, unveiling the administration's "New Path Forward" for America's engagement in Afghanistan and South Asia as discussed yesterday. While we will have a more thorough preview shortly, moments ago the key highlights of the upcoming speech were leaked online courtesy of Fox News' Jennifer Griffin, and are as follows:

The president has signed off on 4,000 more US troops to Afghanistan; not clear he will talk numbers tonight. No talk of withdrawal.
In speech tonight Pres Trump will ask "region to do more," will ask "India and Pakistan to do more to bring Taliban to negotiating table.
Trump strategy to include negotiating w/ Taliban. In past Qatar negotiations failed because Pres Obama announced troop withdrawals: US official

In professional wrestling parlance, a "work" is anything scripted (i.e. anything that's part of kayfabe), while a "shoot" is anything "real" (i.e. not scripted). Put them together and you have the worked shoot; something that is definitely part of the act, but attempts to trick the viewer into thinking (if only for a second) that it's real.

dcCB00:44:18 GMT - 08/15/2017

Dave Collum‏ @DavidBCollum - Prof of Organic Chemistry @ Cornell.

"If you cannot turn bearish when a rogue state is threatening a missile strike against US territory, when can you?"
--a colleague

SEOUL—North Korean leader Kim Jong Un has decided not to launch a threatened missile attack on Guam, Pyongyang’s state media reported on Tuesday, but warned that he could change his mind “if the Yankees persist in their extremely dangerous reckless actions.”

...."At the start of 2015 there were three countries in the world that were willing to have a strong currency. The Swiss, the Chinese, and the U.S. The Swiss pulled the rip cord overnight. They just ripped it off and said, 'We are done. We are done having a strong currency. It is too expensive to defend this," - Dec 14, 2016

This turkey - a top advisor to trump - was #2 man at GS during the momentous shenanigans by the SNB trying to peg their franc.

by all evidence currency policy is very central to trump. Gary, endorsed by Dudley, should be one fine team.

So I am wondering .... is "If the U.S. and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so" just bluster or serious challenge to the American would-be meddler ?

One possibility is, that this planned bombardment of Guam waters, is a classical war deception.

Of course it is. With what they would go to war against US? Few missiles or maybe million soldiers who can probably swim to Guam?
Also, N. Korea not having Russia and China on their side shows they are all alone.

One possibility is, that this planned bombardment of Guam waters, is a classical war deception.
Doesn't make too much sense to tell your enemies your war plans in such details.

Anyway such a threat should be taken as serious as it looks like.
Practically war preparations have already begun for all sides.

Prepare your soft drinks and snacks.

SydneyACC04:52:12 GMT - 08/10/2017

The Guardian is carrying a report that North Korea plan to bombard the sea near Guam with missiles. A North Korean spokesperson claims a missile will take 1,065 seconds to hit a mark 30 kms to 40 kms from Guam. That's less than 18 minutes from launch to landing at the target.

An ICBM travels between 15,000 mph to 22,000 mph.

If that doesn't give you the bejesus I don't know what would.

MtlJP01:52:33 GMT - 08/10/2017

Reminder - hope you paid attention - there is money to be made from scared public.
Brian Williams:

nh - ditto : Mtl JP 16:32 GMT October 14, 2016
john I argue(d) that one of the biggest scoring Qs in interviewing for FED position is not some wizardry w/math modeling but communication skills , ability to propagandize and to carry lies.

MtlJP12:46:25 GMT - 07/26/2017

nh - ditto : Mtl JP 16:32 GMT October 14, 2016
john I argue(d) that one of the biggest scoring Qs in interviewing for FED position is not some wizardry w/math modeling but communication skills , ability to propagandize and to carry lies.

Livingstonnh12:42:31 GMT - 07/26/2017

JP- As Yellen gets the Giuliani, Romney, Christie qualified nod of approval from President Trump I submit the following from the 50/50 candidate:

"I think all of us around this table, myself included, do tend to make a lot out of the communications challenges and what markets want and need, but these markets can be led, and they can be led ably to good places, so we ought not be intimidated by that prospect."

Ahh Leading market to a good place - how does that sound?? I'm in! --- Hubris?

MtlJP12:31:01 GMT - 07/26/2017

before janet and her crew (a $2.5billion/yr chewing up outfit) grace us with yet another opportunity to +/- affect our accounts comes new homes sales release. Mind you perhaps not as breathlessly anticipated as the FED gang's spill of wisdom but worthy of attention at 10am NYT nevertheless

Ranchers placed 16.1 percent more cattle in U.S. feedlots last month than in June 2016, making it the most for the month in more than a decade, the U.S. Department of Agriculture reported on Friday.

BelgradeKnez12:03:28 GMT - 07/24/2017

london red

thank you for your answer, and yes, I realize 233 is fibo no. as soon as I posted my question, but in GV forum you can't delete or edit your post.

londonred11:52:18 GMT - 07/24/2017

its part of a fibo sequence...1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 and so on...
233 happens to fit well and worked. traders like whatever worked well...or whatever didnt work well, its the same thing for long/short trader.

BelgradeKnez11:50:42 GMT - 07/24/2017

SORRY MY BAD ..... 233 IS FIBO NO.

BelgradeKnez11:46:52 GMT - 07/24/2017

london red

I understand reason of following MA with value: 50, 100, 200... fibo numbers, etc ..... but why 233 dma is the one to follow? anything special with that number please?

dcCB11:39:09 GMT - 07/24/2017

HUH
UBS Downgrades Goldman On Slump In Trading Revenues

yah, but Goldman Runs the WhiteHouse, the BOE, the ECB and soon the FED.

Genius UbbbbbbbbbbbS stutter much?

londonred11:32:46 GMT - 07/24/2017

yen. todays low is bang on the 233dma. the last 2 occasions the mkt tested 233dma, there was no close below it and yielded a multi fig topside move. mkt is at imp point here. close below 233dma would be seen as something new, something bearish. u would be looking at 105-108 in such case.

perthwtr11:28:00 GMT - 07/24/2017

usdjpy's aim today is to stay below 111

dcCB10:26:59 GMT - 07/24/2017

OK Principal
sue me

dcCB10:21:16 GMT - 07/24/2017

JP
sorry But That is a Crock

if You/Folks knew that their Principle would remain and that they could Spend the earnings (interest) on that principal ...The F*ckin' Economy wud be humm' along

THE FACT IS that if they Spend, they are Drawing DOWN the Principle...

To put in into a Traders Lingo...If the DrawDown Exceeds the Profit...YOU GO BROKE

MtlJP09:42:08 GMT - 07/24/2017

CBankers have a vision of "inflation"
so does Walmart, Amazon, Costco et al

the chasm between the grasp of what makes folks want to spend is staggering

typically the only place and time when folks want to voluntarily spend more and bid prices up is at an auction

atypically when folks want to eagerly spend their money is in a time of rampant price-inflation (like in zimbabwe / venezuela / ...)

and then consider what will happen when don sends granny pakin': she ll go back to teaching ! spread the disease...

this means means only one thing: more trading opps
with and off the cretins

Easier said than done. When the Japanese invited George Soros to explain to them why they make so much money in production while losing on every investment they did (Hawaii, NY, Van Gogh....) he said:
In Production you have to do the things right. In Investment you have to do the Right Thing!"

If you think about this for a moment you realize that he told them to do the OPPOSITE of what they were doing. The trouble is that the OPPOSITE is NOT SO CLEAR!
He told them that they did not know how to SELECT the next trade.
To know the OPPOSITE-- you have to know what STRAIGHT IS-- and by being a loser you already belong to the class of those who DO NOT know the RIGHT thing.
Not so simple

MtlJP03:22:17 GMT - 12/23/2016

CB 02:16 I still have those two SnP gaps I mentioned a few times sitting n gapping patiently

MtlJP03:19:01 GMT - 12/23/2016

CB 02:08 I note that that method - counter major trend - often works on the eurdlr after about 5am and during about 7-11am in NYT session

dcCB02:16:01 GMT - 12/23/2016

while Mark-To- Market values of key asset holdings in pension portfolios have shifted violently, pensions have specific quotas to adhere to, which in this case means selling winners and buying losers to return to their mandated allocation percentages.

As a result, according to Lin's analysis, the “estimated rotation out of domestic U.S. equities would be one of the largest on record” with relatively large outperformance versus other asset classes both on a monthly and quarterly basis. Additionally, Lin estimates selling of $864 million in developed market international stocks.

While the exodus from US and International stocks would be substantial, the offset to this would be an aggressively buying of more than $6.3 billion in emerging market equities. Another offset would be the purchase of that "other" formerly beloved asset class: bonds, where pensions could end up buying approximately $22 billion.

There is more bad news: the Credit Suisse analysts believes the selling in U.S. equities could increase to nearly $58 billion (and bond buying to over $35 billion) should equity-bond relative performance continue to widen before year-end.

Assuming his analysis is correct, the question is how will this exaggerated selling take place in the five remaining trading days of 2016 during what is already extremely thin and illiquid tape, where most traders are now gone on holiday, and in which HFTs are just salivating at the thought of frontrunning major block orders: remember, HFT works both on the way up and, in some very rare occasions, on the way down

For those of you not familiar with George Costanza, his character on the sitcom Seinfeld could do no right when it came to employment, dating, and life in general. In one episode, George realizes over lunch at the diner with Jerry that if every instinct he has is wrong; then doing the opposite must be right. George then resolves to start doing the complete opposite of what he would do normally. He orders the opposite of his normal lunch, and he introduces himself to a beautiful woman that he normally would never have the nerve to talk to and says, "My name is George. I'm unemployed, and I live with my parents." To his surprise, she is impressed with his honesty and agrees to date him!

I find employing the Costanza method to trading an interesting exercise. Ask yourself; what are the trades that make complete sense and all your instincts say are right, and then do the opposite. Basically what you end up constructing is an out of consensus portfolio and we all know how consensus trades work out in this market.

Employing the Costanza method can identify interesting, non-consensus trade ideas that could kick in alpha.

French right calls for François Hollande's impeachment - Financial Times

MtlJP13:42:57 GMT - 11/06/2016

a good time to prepare a trade plan to try to skin some posi-pips off the "election" process (currently odds favour the crooked one):
- off polls (open 5-6-7am?)
- off incoming headlines state polls (Fl around 7pm for ex., Nevada much later)

And then just before networks make the call that the crooked one should win:
buy _____ and sell ____
alternately
IF Trump should be declared winner: buy _____ and sell ____

“At the present time, it is true that there is an excess of economic capacity. It is clear in the labour market and production. We’ve seen a number of symptoms of this. And the level of the gap is exerting downward pressure on the inflation rates. This is another process that will eventually be eliminated. We hope to eliminate this gap — it will probably take about two years. Around the middle of 2018, we expected this gap will be closed. And it is clear that the interest rates are encouraging growth. But other policies could have the same result, particularly fiscal policy. The two of them work together in order to close this particular gap in the coming 18 months.

“There’s nothing mechanical about it. Each of these decisions is a complex combination of risks. And we have to weigh the risks of waiting longer against what are the costs associated with doing something more immediate.

“We’re not far away … if we were to be easing further, we’d been very close to using unconventional tools. And so, that is of course, not a decision we would take lightly. And when we have the Canadian economy operating on two tracks — one track doing reasonably well, and the certain regions doing quite well, and others adjusting through something quite difficult, it’s not as easy as it sounds to speed up the fast growing parts to offset the slow growing parts. If everything was the same, it would be, in many ways, an easier decision to do that kind of thing.

“So, this is what I mean by the uncertainties. They’re multi-dimensional. We do a fresh adjustment every time and, again, we can’t plan it out that way, but our best plan right now, we think, is to wait for the next 18 months or so.”

Here’s what Poloz meant:

My statement concerning the need to wait 18 months was in reference to the time frame over which the output gap is expected to close, as noted in the bank’s October Monetary Policy Report. It was not intended as a reference to the bank’s monetary policy.

here is STEPHEN S. ROACH accusing "Central bankers desperately want the public to believe that they know what they are doing. Nothing could be further from the truth."

IF that "Central bankers desperately want the public to..." is true , that would be indeed a grave mistake by Central bankers. Obscurity and operations in the shadow and away from "the public" is in their self-preserving interest. Always was , always will.

MtlJP14:20:44 GMT - 09/23/2016

Recession risk has grown because Fed didn’t hike, Rosengren says

pre-emptively blaming janet
thks brother for the comical relief

MtlJP14:08:26 GMT - 09/19/2016

20 September 2016
OTTAWA – On Tuesday, 20 September 2016, Stephen S. Poloz, the Governor of the Bank of Canada, will speak before the Association des économistes québécois, the Cercle finance du Québec and CFA Québec.

I - or rather my robot - likes us/can yield spread digits to help set a prefered trading bias. Here is a fundy reason why any narrowing of the spread is likely to be supportive of usdcad BoD, credit to Stephen S. Poloz, Governor of the Bank of Canada (family member of the Cretins):

If stagflation is in the future - "On the economic front, the U.S. is headed toward stagflation -- a combination of weak demand and elevated inflation, according to Greenspan." gold is the trade opportunity

dc CB is that a possible achilles heel that might see hillary's quest for president go down the toilet and be a tradeable in that "markets assume Hillary wins. With Trump more uncertainty... implying a trade opportunity if Hillary slips and.a Trump presidency gains traction." ?

dcCB21:42:48 GMT - 09/07/2016

In early May, we introduced readers to Charles Ortel, a Wall Street analyst who uncovered financial discrepancies at General Electric before its stock crashed in 2008, and whom the Sunday Times of London described as "one of the finest analysts of financial statements on the planet" in a 2009 story detailing the troubles at AIG.

Having moved on beyond simple corporate fraud, Ortel spent the past year and a half digging into something more relevant to the current US situation:"charities", and specifically the Clinton Foundation’s public records, federal and state-level tax filings, and donor disclosures.

“Today, I’m here to talk to you about three crucial words that should be at the center, always, of our foreign policy,”
“Peace through strength.”
“As soon as I take office, I will ask Congress to fully eliminate the defense sequester and will submit a new budget to rebuild our military,” Trump

john u r just sour grapes that u do not have a cushy job with a steady $10+k/week salary from which u can not be fired right or wrong lol

GVI Trading Roomjohn17:33:49 GMT - 06/02/2016

Seriously these guys live in an echo chamber. The economy is at full-employment only if you believe their faulty statistics. The economy is at full-employment and it grows at only 0.7% in 1Q16. This makes no sense!

non-voter Kaplan yaks at top of hour
he is on record for wanting a rate hike in June or July
-
l8tr in aft yaks non-voting dove Evans

MtlJP09:02:08 GMT - 06/01/2016

according to OECD Secretary-General Angel Gurría:
“Growth is flat in the advanced economies and has slowed in many of the emerging economies that have been the global locomotive since the crisis,” ... “Slower productivity growth and rising inequality pose further challenges. Comprehensive policy action is urgently needed to ensure that we get off this disappointing growth path and propel our economies to levels that will safeguard living standards for all,”
--
United States is projected to grow by 1.8% in 2016 and 2.2% in 2017.
The euro area will improve slowly, with growth of 1.6% in 2016 and 1.7% in 2017.
In Japan, growth is projected at 0.7% in 2016 and 0.4% in 2017.
The 34-country OECD area is projected to grow by 1.8% in 2016 and 2.1% in 2017

in China, growth is expected to continue to drift lower to 6.5% in 2016 and 6.2% in 2017, supported by demand stimulus.
India’s growth rates are expected to hover near 7.5% this year and next
The deep recessions in Russia and Brazil will persist, with Brazil expected to contract by 4.3% in 2016 and 1.7% in 2017.

I need to correct the no Fed yakkers:
Wednesday
Harker, Kashkari, Kaplan in that time order

MtlJP10:42:08 GMT - 05/25/2016

scared or bargain if Janet bitch-slaps her 2-3-4 hike peddlers back to reality
Wednesday:
no Fed yakkers on the roster

klshawn10:37:18 GMT - 05/25/2016

gold is very very scared of the Fed it seems
LOL

MtlJP10:32:12 GMT - 05/25/2016

chose your trade
Yellen's gang
- raises rates,
- preps players for July hike
- kicks off hike into the future
---------------------------------
it may be noteworthy that this weeks SnP climb is on some very low volumes - i.e low player comittement

HKHK00:58:23 GMT - 05/23/2016

Risk off start to the week, Nikkei down

MtlJP23:59:19 GMT - 05/22/2016

there will be more of them this week:

Monday
Williams, Bullard, Harker

Wednesday
Kashkari, Kaplan, Harker

Thurday
Bullard, Powell

Friday
Yellen & Bernanke together

MtlJP23:42:32 GMT - 05/22/2016

"I think, yes, we have enough ammunition," Kuroda said, when asked whether the BOJ had sufficient monetary policy options, or "ammunition," left to achieve the target. "If necessary, we can further ease our monetary conditions in three dimensions. Quantitative, qualitative and interest rates." - via cnbc

“I want to be sensitive to how the data comes in, but I would say that most of the conditions that were laid out in the minutes, as of right now, seem to be . . . on the verge of broadly being met,” said Mr Rosengren

IF the dollar gets a bit too enthusiastic too rapidly on the recent past cretins' smoke signals and the minutes Janet can use Brexit "threat" as excuse in her upcoming yikyak to try to tame it

MtlJP20:05:35 GMT - 05/15/2016

Fed's Williams sees good outlook, 2-3 rate hikes this year

With the U.S. economic outlook "definitely looking good," the U.S. central bank is on the cusp of deciding whether to raise rates at any of its next few meetings, San Francisco Federal Reserve Bank President John Williams said on Friday.

re "Canadian G7 official
- forex will not be a dominant issue at upcoming G&"
-
good thing the Canadian G7 official was not named... else would be a public donkey's donkyhole as Jacob sees thing differently:

"Weak returns are the result of cyclical, not structural, factors"
-
a genius observation: "“People have now woken up and say they don’t want to pay 2-and-20 to underperform some index,” said billionaire hedge fund manager Leon Cooperman, founder of Omega Advisors...

duh ! I give you a million bux, and u charge me minimum 20 thousand to loose money for me and you whine about it ?!

Maybe I have news for you donkeyhole: for the past 15years I have all my friends and colleagues out of mutual funds trading with discount broker. costs $9 per trade and if the account looses money it does it so without your 2% fee.

What is so difficult to understand that charging 2% fee on a looser account is not justifiable by saying "because that is how we charge and that is how it is" .

I could like Roslyn Zhang, a managing director of China’s sovereign wealth fund blasted what she called a “herd mentality” among hedge-fund investors. Including the genouflecting incitement to "Do not Fight The FED" on this forum - which is still not as bad as what the red chinese communists stoop to as they try to protec their stocks bubble from imploding

voter Rosengren: the likelihood of Fed rate hikes is higher than market pricing;
voter George: U.S. rates are too low for today’s economic conditions;
voter Mester: U.S. inflation has moved higher as oil prices and the USD stabilize;
voter Yellen: the Fed will adjust policy if outlook changes unexpectedly; added that she expects continued U.S. economic strength
-
read that again: continued U.S. economic strength

jp- you have sods oil in your back yard and your PM. played to keep stinky out for MTL. is sodey lover, barn them out of cad.

nwkw07:50:24 GMT - 05/12/2016

chfjpy breakouts top side. gl.

MtlJP22:57:10 GMT - 05/11/2016

I am wondering if "Trade With The Cretins Corner" would yield better trading ideas 'n results.

Yung, 29, holds a doctorate in economics from the University of Notre Dame and has authored multiple working papers on the subject of interest rates and their corresponding term structure. The research she conducts for the Dallas Fed is done independently of Fed policy makers and is intended to inform discussion among officers.

jpy report exporters funding flexible so interest rates are smoke screen for nuts and bolts of internal funding so id not take them to as set in stone as market internal deals are different than they like us to believe?

MtlJP19:32:25 GMT - 05/03/2016

now that Poloz seems to have come to the learned conclusion that nega-rates do not work (I assume he means in a desired way, not that they do not work at all) here is a chart from BoA - "Bonds with yields below zero—a situation in which bondholders effectively pay borrowers to take their money—now account for 23% of the global fixed-income market, up from 13% at the beginning of the year" - that makes me think what would happen if the theme of negarates are good should reverse.

nwkw19:31:22 GMT - 05/03/2016

usacad at 1.35 is oil range id play for has old school trade with out cad' big exporter over seas struggling.

nwkw19:12:49 GMT - 05/03/2016

eurusa range end up tag 120, 115 support in summer.

nwkw19:10:25 GMT - 05/03/2016

eurusa was at 105 and jpy hade to forced to change, so if is 120.00 eurusa i'l understand?

nwkw18:49:59 GMT - 05/03/2016

gold pack has cad separated and staying on mission in market of rebalancing; for nfp kayos?

nwkw18:43:39 GMT - 05/03/2016

wind -was bank jpy at 105 but not defending, plan forecasted slow decent. some se implications of 105. usa/jpy for market in all terms?

MtlJP17:36:56 GMT - 05/03/2016

even as he seems to claim to have learned the lesson about nega-rates that they do not work.

cretin... didnt have to wait 6+ months had he asked me

MtlJP17:26:58 GMT - 05/03/2016

As much as I anticipated a potential A grade A effect so far players unimpressed with anything coming out of Poloz

MtlJP16:16:42 GMT - 05/03/2016

Cretin Alert
-------------
It is unlikely that this cretin is going to agree that monetary policy is out of ammo.

It gets BETTER:
AMELIA ISLAND, Fla. The United States could see two further interest rate rises this year but uncertainties abound including the impact on the U.S. economy should Britain vote to leave the European Union, Atlanta Fed President Dennis Lockhart said on Tuesday.
-
IF I understand English - 3 total in 2016.
Not sure if players understand English same way as I do,
see what Gold priceaction / dlrx says about it

JM 16:17 got to put coin in the slot and pull the handle if you want to hear the fat one sing.
-
numbnuts blathers and market moves all of 9 pips. haha
numbnuts will have to co-ordinate with other CBs and bring a serious mountain of fiat to downgrade his stupid yen.

What do you think he ll need to blow to see a minimum
300pip
500pip
700+ dump ?

NYJM16:17:44 GMT - 05/02/2016

The only thing you can count on is the RBA talking down its currency. Whether the AUD reacts is another story.

Board member:Mario Draghi
Event:Keynote speech by the President in at seminar "The future of financial markets: A changing view of Asia" during 49th annual meeting of Asian Development Bank in Frankfurt, Germany.
Time:16:00 CET (Top of the hour)
Text:The text will be made available on the ECB's website

MtlJP08:20:54 GMT - 04/29/2016

Cretin Alert:

"We too have resorted to unconventional methods and, as in the past, we will not shy away from using these methods if it is in the interests of the country as a whole,"

The franc is weaker than immediately after the cap was lifted but remains "significantly overvalued", Jordan

similar to the genuflecting call to "Do Not Fight the Fed" instead of showing the the Central Bankers for their incompetence and corruption William Watts - MarketWatch's deputy markets editor, claims that BoJ makes you feel sorry for impotent central bankers. Instead of calling for numbnuts crushing party , he is calling for

Trade Off The Cretins Corner
Singapore SGFXTrader 11:10 GMT 04/21/2016
JP, what is your forecast for the Eurusd movement?

1. Dip first and then follow by more dips?
2. Dip first and then follow by a rise
3. Rise first and then follow by a dip
4. Rise first and then follow by more rise

Which one is your forecasted move?

MtlJP13:05:04 GMT - 04/21/2016

cretin is on verge of achieving a new milestone:
breaking historical tradition of lower EUR post ECB announcement

londonred12:45:13 GMT - 04/21/2016

draghi would not only do helicopter money but would stretch to giving everyone a helicopter to go with the money, but while black stuff firmer, rest of ecb will not let him loose. so yak is all he has.

To collect the benefit of cretins' negarate it took "a ruling announced on Monday, the Netherlands’ consumer financial products watchdog, Kifid, said it had sided with the unnamed holders of the variable interest rate mortgage, who brought the case, rather than with lender Achmea NV.

the ECB has and will continue to do whatever is needed to comply with its mandate.(lets say it is so).

We have solid evidence that the monetary policy measures that we have taken since mid-2014 are being effective in delivering their intended impact. (laying out some bullsh!t; crowd laughs)

.... .. ....

The improved funding conditions for both firms and households are supporting the current recovery, facilitating job creation and affecting the inflation outlook.
--
and so the euro, one and half hours after the cretin's self-accolading assertions, pops from 1.1330-ish to 1.1390-ish
stronger euro runs counter to his desire to screw savers by making imports more expensive (via that famous 2% inflation as stable prices propaganda line)

Hoarding cash is potentially fraught with loosing it all.
There is chance that the Jan 1 1960 Franc Nouveau / Franc Ancien history will repeat itself. (whereby hundred old ones were exchanged for 1 new one and eventually the old ones were made illegal/worthless)

Initial lesson from Japan appears to be that post-introduction of NIR yen strength runs un-abated against the stated objective of weakening it.

One could speculate on the reasons why that is, the full forensic report is not yet in but initial suspicion is probably that fear (in polite circles it is called expectations) of crashing profit margins at financial institutions trump expectation of positive effects of NIR in the larger economy. (that is if one accepts that trying to raise retail price - that famous 2% price-inflation goal of arresting deflationary phenomenon - is a good thing)

One could hypothesise that it is this fear that drives the plunge not only in bank stocks but in Nikkei as well as players turn risk averse.

Bottom Line
NIR in Japan fuels yen strength

Thanks to the collective of numbnuts (Abe, Asakawa and Kuroda) mis-judging player psychology of expectations and their reaction to NIR is making the yen currently a "safe asset".

Managing expectations and maintaining credibility.
THE absolute must requirement skills for all peddlers of fiat.

ManilaTom13:20:36 GMT - 04/04/2016

Looks like euro will stay above 1.10 for the reminder of this year

Livingstonnh12:53:26 GMT - 04/04/2016

And again it's Spring in EU so the Greek debt issue is blooming (see IMF) but with a refugee import-export kicker -
s/t rates are popping higher - re: the debt issue ?"“It’s going to be an ongoing theme over the next few months,” said Orlando Green, a rates strategist at Credit Agricole SA’s corporate and investment-banking unit in London. “It shouldn’t really have an impact on the broader market. Any noise out of Greece will be localized.”

Praet: ECB 'hasn't reached lower bound' on rates
Financial Times‎ - 2 days ago
vs
Chief Executive Officer Nikolaus von Bomhard
Munich Re .. will store at least 10 million euros ($11 million) in two currencies so it won’t have to pay for the right to access the money at short notice, Chief Executive Officer Nikolaus von Bomhard said at a press conference in Munich on Wednesday. “We will also observe what others are doing to avoid paying negative interest rates,” he said.

“This may well become a mass phenomenon once interest rates are low enough -- the only question will be where that exact point is,” said Christoph Kaserer, a professor of finance at the Technische Universitaet in Munich. “For large institutions, that may be the case sooner rather than later. The ECB will react with countermeasures, such as limiting cash.”

Ideally, the ECB might hope that euro zone banks would take advantage of periods of market calm to strengthen their balance sheets. The problem is that the full extent of banks’ balance sheet weakness has never been objectively assessed. The ECB’s stress tests appear to have been designed to judge banks’ resilience to threats they had already addressed rather than those that might arise in future. The challenge might more easily be met if the banks were operating in a static environment. However, prolonged below-trend economic activity is likely resulting in progressive deterioration in the quality of the assets the banks are holding. Yet, even with the ECB as the single regulator of the euro zone’s larger lending institutions, there would be serious political difficulties in the central bank’s tackling systemic frailties in determined fashion. With the political structure of the EU under stress as never before, the odds are against the ECB defusing the bad debt bomb.

MtlJP14:01:07 GMT - 03/19/2016

Extremely High un-intended Consequences Risk of NEGATIVE RATES

First safety boxes became popular in Japan in reaction to numbnuts' negarates

Here is an idea, one hopes, that must be crossing the minds of Kuroda's co-cretins:

IF ... banks start to run short of cash coz folks start to ask en masse for their electronic deposits in cash withdrawals ...

HOW CLOSE IS THE FRACTIONAL BANKING SYSTEM TO A COLLAPSE ?
- Is it one, two ..___ more rate cuts deeper into nega-territory ?

------------------------------
Reuters - DUESSELDORF, GERMANY, MARCH 17
The European Central Bank's negative interest rates are sparking demand for safe deposit boxes, where bank customers can store cash to avoid the prospect of paying the bank interest on their accounts, German bankers said.

"Lockboxes are in vogue,"
"Demand for customer deposit boxes is continuously growing,"

“If we had not had those negative rates, we would be in a much worse place today, with inflation probably lower than where it is, with growth probably lower than where we have it,” Lagarde said. “It was a good thing to actually implement those negative rates under the current circumstances.”
-
Headline says "Have Helped"
The IMF cretin knows all too well that a negative can not be proven.

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